Chairman of the Supervisory Mechanism Single considers “normal” capitalize CGD – publico

 
         

                 

                         
                     

                 

 
 

The Chairman of the Supervisory Single Engine said in Brussels, it is for the Directorate-General for Competition analyze the capitalization process of Caixa Geral de Depósitos, but considered normal for the capital injection by the State in a public bank.

in a discussion in the committee on Economic Affairs of the European Parliament, Danièle Nouy, ​​questioned by MEP José Manuel Fernandes, PSD, on the Government’s intention to inject an “extremely high amount” in order of EUR 4 billion in CGD, declined to “comment on this individual case,” but noted that it is normal for the State to carry out capital reinforcements from a public bank when it appears necessary, “in Portugal, Germany or in any other case. “

” More capital is always good for supervisors, it is always good news, “he began by noting the President of the European Central Bank Supervisory Board (ECB), Danièle Nouy adding that in the case of public banks that need additional capital – that “obviously” the State has to provide – it is shown that it is “a normal investment of a normal shareholder” in a bank that will prove to be profitable, and no state aid.

“the Directorate-General for Competition (the European Commission) is looking in detail to this situation”, he said.

last week, Finance Minister Mario Centeno, said he plans to “continuity in the restructuring plan of CGD”, which aims to put the institution in the future “on a path of meaningful and effective support to the financing of the economy in Portugal.”

“All these stages will end with a capitalization plan that will respond to the capital needs of the case and which is also provided at this time. This is also intended to enable CGD to meet the criteria that all banks have to meet in this matter, “he said, without confirming the value of four billion euros that have been pointed out, under capitalization.

“what we hope is that the new CA to look into this issue and we believe that there are internal ways of generating capital in Box. The result of the capitalization is the result of what is the business plan and the Caixa governance plan, “he said.

Furthermore, he added that” the aim of this action on CGD is the capital the State has there place to be seen as an investment “and therefore” have to return. “

Mario Centeno reiterated that no talks with Competition Directorate General of the European Commission, but said the “calendar is not hard.”